C.H. Robinson Worldwide, Inc. $CHRW Stock: Revisor Wealth Management LLC Boosts Stake

Key Points

• Revisor Wealth Management increased its C.H. Robinson stake by 498.2% in the third quarter, bringing its holdings to 13,478 shares valued at approximately $1.99 million. Institutional investors collectively own 93.15% of the company.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $190, despite the stock opening at $140.57 and trading well below its 52-week high of $210.33.
• C.H. Robinson exceeded quarterly expectations, reporting $1.61 in EPS versus the $1.53 estimate and $4.93 billion in revenue, up 19.3% year over year. The company also pays a quarterly dividend of $0.63 per share, yielding about 1.8% annually.

Revisor Wealth Management LLC grew its position in shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW - Free Report) by 498.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,478 shares of the transportation company's stock after purchasing an additional 11,225 shares during the quarter. Revisor Wealth Management LLC's holdings in C.H. Robinson Worldwide were worth $1,994,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. WCM Investment Management LLC acquired a new position in shares of C.H. Robinson Worldwide in the first quarter valued at approximately $579,922,000. Bank of New York Mellon Corp bought a new position in C.H. Robinson Worldwide in the 2nd quarter valued at approximately $172,626,000. Hamlin Capital Management LLC bought a new position in C.H. Robinson Worldwide in the 3rd quarter valued at approximately $123,176,000. Vontobel Holding Ltd. raised its holdings in C.H. Robinson Worldwide by 47,894.2% in the 3rd quarter. Vontobel Holding Ltd. now owns 831,259 shares of the transportation company's stock valued at $122,993,000 after buying an additional 829,527 shares during the last quarter. Finally, Sei Investments Co. boosted its position in C.H. Robinson Worldwide by 532.7% during the 1st quarter. Sei Investments Co. now owns 659,932 shares of the transportation company's stock worth $109,594,000 after buying an additional 555,631 shares during the period. 93.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CHRW. Weiss Ratings lowered shares of C.H. Robinson Worldwide from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, September 1st. Evercore set a $217.00 price target on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. TD Cowen reiterated a "hold" rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. UBS Group reiterated a "buy" rating on shares of C.H. Robinson Worldwide in a report on Tuesday, October 6th. Finally, Bank of America reissued a "buy" rating and issued a $203.00 price objective on shares of C.H. Robinson Worldwide in a research note on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, C.H. Robinson Worldwide has a consensus rating of "Moderate Buy" and an average price target of $190.00.

C.H. Robinson Worldwide Stock Performance

NASDAQ:CHRW opened at $140.57 on Wednesday. The company has a market capitalization of $16.43 billion, a PE ratio of 26.83, a P/E/G ratio of 1.15 and a beta of 0.94. The company has a 50 day simple moving average of $146.92 and a two-hundred day simple moving average of $167.50. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.58 and a current ratio of 1.58. C.H. Robinson Worldwide, Inc. has a fifty-two week low of $125.35 and a fifty-two week high of $210.33.

C.H. Robinson Worldwide (NASDAQ:CHRW - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The transportation company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.08. The firm had revenue of $4.93 billion during the quarter, compared to analyst estimates of $4.35 billion. C.H. Robinson Worldwide had a net margin of 3.73% and a return on equity of 38.36%. The company's revenue was up 19.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.29 EPS. Research analysts anticipate that C.H. Robinson Worldwide, Inc. will post 6.26 earnings per share for the current year.

C.H. Robinson Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 4th were given a dividend of $0.63 per share. The ex-dividend date was Friday, September 4th. This represents a $2.52 annualized dividend and a dividend yield of 1.8%. C.H. Robinson Worldwide's dividend payout ratio is 48.09%.

About C.H. Robinson Worldwide

C.H. Robinson Worldwide, Inc is a global third-party logistics provider that connects shippers with transportation carriers and other supply-chain resources. The company arranges the movement of freight by truckload, less-than-truckload, intermodal, ocean and air transportation, serving businesses across a range of industries.

Its services include freight brokerage, transportation management, logistics consulting, customs and trade support, shipment tracking, and technology-enabled supply-chain solutions.

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